U.S. Trustee Challenges FTX Chapter 11 Plan Over Overbroad Releases

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The final point of U.S. Trustee concern was FTX’s Chapter 11 petition filed in November 2022, after the collapse of its token and customer exodus. In March, former CEO, Sam Bankman-Fried, received 25 years in prison as sentence for embezzling over $11 billion.